The price for Easter ham took a big jump Wednesday on the Chicago Board of Trade when hogs for April delivery rose by the daily limit of $3 per hundredweight to $90.12, a 14-year high for the most active contract.
Hog prices surged on news that South Korea, which has had to kill about 25 percent of its domestic herds because of hoof-and-mouth disease, said it would suspend import duties for several months.
South Korea is the fourth-largest buyer of American pork.
The Korean news further tightens world supplies after German exports were restricted because of dioxin contaminants found in some of its herds.
To read the rest of the story, please go to: Des Moines Register